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VOL. 123 | NO. 207 | Wednesday, October 22, 2008

Towne Center Tenant Files Bankruptcy

As the economy tightened and credit dried up over the past several weeks, a South Memphis grocery store owner who is planning to open a new location in the mixed-use Towne Center at Soulsville hit a rough patch.

Conference to Promote Orthopedics Industry

The Musculoskeletal New Ventures Conference keeps Memphis at the forefront of the orthopedics industry by showcasing the city’s competitive advantages and connecting investors to companies, its organizers say.

Wal-Mart Turnaround Signals Philosophical Shift

Wal-Mart executives say they are finished trying to build a third super store at Houston Levee and Macon Road in Cordova.

Pyramid Decision Sets Stage For Further Debate

Shelby County government will stay in The Pyramid business for now.

Fed Makes New Move To Help Bust Credit Logjam

WASHINGTON (AP) – The Federal Reserve on Tuesday introduced a new program to finance the purchases of assets from money market mutual funds as the government continued to search for ways to battle a severe credit crisis.

Local Weather
Currently
Memphis, TN
84.0°F
A Few Clouds
Wind: Calm mph
Humidity: 55%

EVENTS

The Memphis Area Association of Realtors will hold a forum discussing “Patterns and Trends in Land Development” today from 8:30 a.m. to 10 a.m. at its offices, 6393 Poplar Ave. Bob Dalhoff of Dalhoff Thomas Daws will present the forum. Cost is $15 for nonmembers and free for members. For more information, call 818-2428.

more events »

Hottel Appointed Dean At UT College of Dentistry

Dr. Timothy L. Hottel has been appointed dean for the University of Tennessee College of Dentistry.

Lawmakers Likely to Draft Tougher Finance Rules

WASHINGTON (AP) – Lawmakers waded gingerly Tuesday into a complex debate over how to overhaul the regulatory structure overseeing the U.S. financial system, promising stricter rules governing risky financial products that are seen as responsible for the current financial crisis.

Interbank Rates Drop, Investors Sell Off T-Bills

NEW YORK (AP) – Bank-to-bank loan rates and yields on Treasury bills returned to their late September levels Tuesday, extending a recovery in the credit markets. Market watchers are now wondering, though, how much more the credit environment can improve given the economy's weakness.

Oil Falls Below $72 as Dollar Gains Against Euro

NEW YORK (AP) – Oil prices tumbled back below $72 a barrel Tuesday as a stronger dollar dented investor demand for commodities and outweighed concerns about an expected OPEC output cut.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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The Memphis News: Business, politics, and the public interest.